Brasília – Brazil should exceed Great Britain and become the sixth main economy in the world in 2011, according to forecasts by the Centre for Economics and Business Research (CEBR) published by British newspapers on Monday (26).
According to the consultancy company, specialized in economic analysis, the fall of Great Britain in the ranking of main economies should continue with Russia and India pushing the country to the eight position.
Newspaper The Guardian attributes the drop to the 2008 financial crisis and to the crisis that is persisting, as against the growth “boom” lived by Brazil in the wake of exports to China.
The Daily Mail, another newspaper that published the news, informs that Great Britain was "deposed" by Brazil from its post as sixth main economy in the world, only behind the United States, China, Japan, Germany and France.
According to the Daily Mail, Brazil, whose image is “more often associated with football and dirt-poor shanty towns known as favelas […] is fast becoming one of the powerhouses of the global economy" with its vast stocks of natural resources and growing middle class.
According to CEBR, the economy of the European nations should contract 0.6% in 2012 and that of the “starts” should grow in 2012, even if they will be hit by the crises in Europe and the United States. According to the study, the Gross Domestic Product (GDP) of Brazil should grow 2.8% in 2012, that of China, 7.6% and that of Saudi Arabia, 4%.
* With information from the ANBA newsroom. Translated by Mark Ament
